IFCA MSC BHD

KLSE (MYR): IFCAMSC (0023)

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Last Price

0.665

Today's Change

+0.07 (11.76%)

Day's Change

0.615 - 0.67

Trading Volume

18,021,500


61 people like this.

53,153 comment(s). Last comment by dxbman 6 hours ago

Posted by Goodiinvestor > 2016-08-19 14:12 | Report Abuse

ask good trader. If he has insider info he should know it

Posted by Goodiinvestor > 2016-08-19 14:12 | Report Abuse

Dun Corning us and do selling himself

Posted by Goodiinvestor > 2016-08-19 14:13 | Report Abuse

Heading 0.54

yinyin99

121 posts

Posted by yinyin99 > 2016-08-19 14:43 | Report Abuse

Buy! Good results to be released.

Posted by Goodiinvestor > 2016-08-19 17:10 | Report Abuse

0.52 next week.

Posted by Goodiinvestor > 2016-08-19 17:44 | Report Abuse

If good result and price 0.9 ..
I sell you at 0.58 anyone?

WarmEye

81 posts

Posted by WarmEye > 2016-08-20 09:42 | Report Abuse

Its keranajaya, haha. He wants to corn ppl step into trap.

Posted by buddyinvest > 2016-08-20 09:45 | Report Abuse

Back to 2.00 soon

Posted by Goodiinvestor > 2016-08-22 11:53 | Report Abuse

Goodtrader dare not to comment anymore . He said last week ifca move fast.
Going to south fast .. Haha
He probably know the result is bad

Posted by Goodiinvestor > 2016-08-22 11:56 | Report Abuse

0.52 in making

Posted by Goodiinvestor > 2016-08-22 15:06 | Report Abuse

Accumulate seller in selling.. 0.52 coming

Posted by kelanajaya2 > 2016-08-22 16:26 | Report Abuse

KY & OBB said 0.490 coming soon.. wait & See

Posted by Goodiinvestor > 2016-08-23 12:05 | Report Abuse

Guys, QR out 25 and it's really bad. Sell before it
I hope you all listen to me this time

Posted by Goodiinvestor > 2016-08-23 15:04 | Report Abuse

Good trader where are you? Help us please haha

Posted by vivofanfan > 2016-08-23 15:47 | Report Abuse

sell

nich0las

2,787 posts

Posted by nich0las > 2016-08-23 18:12 | Report Abuse

die -ve

traderman

7,854 posts

Posted by traderman > 2016-08-23 19:18 | Report Abuse

yes can. tp 1.8

nich0las

2,787 posts

Posted by nich0las > 2016-08-23 19:49 | Report Abuse

=.=. not 1.8 is 0.18. traderman wrong put the "dot"

Posted by martinbartesque > 2016-08-23 20:50 | Report Abuse

Loss 656k. Report was out

Posted by shareinvestment7 > 2016-08-23 20:51 | Report Abuse

This counter game over long long time ago, not today. Still got people put hope in this counter? Lol

Posted by Goodiinvestor > 2016-08-23 21:35 | Report Abuse

Dun worry .. Result is good compare last quarter hahaha buy buy buy

Buy1sell2

2,345 posts

Posted by Buy1sell2 > 2016-08-23 21:38 | Report Abuse

What is this??? IFCA becomes a loss making company? Dangerous. Might drop kaw kaw like K1. Hope not. But the results not good. Better sell.

cruz

397 posts

Posted by cruz > 2016-08-23 22:00 | Report Abuse

0.30 coming soon......after 2 years become 0.10

KiasiPu

359 posts

Posted by KiasiPu > 2016-08-24 08:09 | Report Abuse

Hopeless company..

Posted by Goodiinvestor > 2016-08-24 08:42 | Report Abuse

Guys run for life

Spid3rman

98 posts

Posted by Spid3rman > 2016-08-24 09:31 | Report Abuse

Run..go other stock

Spid3rman

98 posts

Posted by Spid3rman > 2016-08-24 09:46 | Report Abuse

If u dnt wnt to read just ignore. No need to say useless on others sharing

Buy1sell2

2,345 posts

Posted by Buy1sell2 > 2016-08-24 09:53 | Report Abuse

Run fast. Will drop below 50 sen soon based on this weak QR.

Posted by Haifahitcher99 > 2016-08-24 09:58 | Report Abuse

This company's business getting worse to worst and the shares price will go down below 40 cents soon if the directors not keen to improve company's earnings.

shidayea

841 posts

Posted by shidayea > 2016-08-24 10:57 | Report Abuse

eh pasai apa kelanajaya2 ni meroyan? x paham..

salman

1,582 posts

Posted by salman > 2016-08-24 10:59 | Report Abuse

KUALA LUMPUR: CIMB Equities Research has downgraded IFCA MSC from Add to Hold and slashed the target price (TP) from RM1.19 to 55 sen after the weak results.
It said on Wednesday it had slashed the FY16-18 EPS forecasts for the business software solutions company due to the weaker domestic sales outlook.
“Given the poor results and poor outlook, our target basis is changed from 2017 21 times price-to-earnings (P/E) which is in line with the peers, to the average sector 2.5 times price-to-book value (P/BV), resulting in a 54% TP cut.

CUTLOST

5,178 posts

Posted by CUTLOST > 2016-08-24 10:59 | Report Abuse

MY STOCK FULL OF BLOOD..

Posted by spiderman22 > 2016-08-24 11:06 |

Post removed.Why?

Spid3rman

98 posts

Posted by Spid3rman > 2016-08-24 11:18 | Report Abuse

KUALA LUMPUR: CIMB Equities Research has downgraded IFCA MSC from Add to Hold and slashed the target price (TP) from RM1.19 to 55 sen after the weak results.
It said on Wednesday it had slashed the FY16-18 EPS forecasts for the business software solutions company due to the weaker domestic sales outlook.

“Given the poor results and poor outlook, our target basis is changed from 2017 21 times price-to-earnings (P/E) which is in line with the peers, to the average sector 2.5 times price-to-book value (P/BV), resulting in a 54% TP cut.

“Downside risks include further weakness in the domestic market, while upside risks are a recovery in China and domestic markets. We prefer MyEG for exposure in the technology sector due to its strong earnings growth outlook,” it said.

On Tuesday, IFCA MSC announced its 1H16 revenue fell 36% to RM35.7mil while net loss was RM5mil versus RM15.4mil net profit in 1H15. The loss was mainly due to the collapse of domestic revenue, down 55% to RM20mil.

CIMB Research said another major reason for the company’s losses in 1H16 was the higher-than-expected depreciation and amortisation (D&A) charges. In 1H16, D&A charges were RM3.7mil versus RM3.1mil for the whole of 2015.

“We understand the higher D&A charges were mainly due to the full commercial launch of its mobile platform and P365 starting from 2H15 onwards, after which the company had to fully recognise D&A charges,” it said.

The 1H16 overseas revenue rose 40% on-year at RM15.6mil. Most of the revenue growth due to the consolidation of its Indonesia distributor acquired at end-2015.

“We understand 1H16 sales from China was flat on a year-on-year basis, which is not a positive sign. We had expected China to compensate for the weakness in the domestic market but this was not the case,” it said.

However, CIMB Research pointed out that IFCA-MSC’s Property365.my(P365) now has around 2,000 negotiators registered with the company.

“We understand inventory for sale is more than RM3bn and while sales have been slow, P365 has been gaining more interest among property developers and agents over the past few months. Management needs to focus now on its marketing efforts for P365.

“IFCA’s balance sheet was a strong RM62.5m net cash or 10sen net cash per share as at end-1H16. The net cash contributes close to 20% of its current share price. As most of the development costs on its mobile platform and P365 have been completed, we believe spending would be focused on marketing activities for P365 over the next few quarters,” it said.

oasischeah

1,461 posts

Posted by oasischeah > 2016-08-24 11:35 | Report Abuse

Most shares reported less profit or losses since implementation of GST and many foreign investment gone.

cruz

397 posts

Posted by cruz > 2016-08-24 11:47 | Report Abuse

next Q will loss bigger.......

traderman

7,854 posts

Posted by traderman > 2016-08-24 18:17 | Report Abuse

hope they back to where they belongs ---------> 7 cent

richkid

8,140 posts

Posted by richkid > 2016-08-24 18:19 | Report Abuse

Too many additional listings...then diluted after the warrants expired...now QR losses....so how to go up? It is going down down down back to the original price before the GST hype.

calvintaneng

56,594 posts

Posted by calvintaneng > 2016-08-24 18:23 | Report Abuse

Posted by traderman > Aug 24, 2016 06:17 PM | Report Abuse

hope they back to where they belongs ---------> 7 cent

Back to 7 cts?

Aiyoyo!

Maybe 10 cts to 20 cts lah.

Those who bought from 80 cts and chased it to over Rm1.80 are now locked up for life. No way of recovering from the great Con Stock

If only they have just stopped and listened to reason and warning.

With the latest horrendous results even 50 cts is really too expensive

smalltimer

1,501 posts

Posted by smalltimer > 2016-08-24 18:26 | Report Abuse

hi calvin...ur bjbear how?

traderman

7,854 posts

Posted by traderman > 2016-08-24 18:29 | Report Abuse

smalltimer, tp remain 10.0, same as UEMS. buy more now.

calvintaneng

56,594 posts

Posted by calvintaneng > 2016-08-24 18:47 | Report Abuse

Posted by smalltimer > Aug 24, 2016 06:26 PM | Report Abuse

hi calvin...ur bjbear how?

Haha! Smalltimer

How are you?

I will always remember your witty joke

"Luster will turn into duster"

Hahaha! Hahaha!

So funny indeed!

Posted by sundaymorning > 2016-08-25 04:31 | Report Abuse

will anybody knows why expense is around 16-18k every quarter? If this is reduced, IFCA should be profitable.

sell

2,456 posts

Posted by sell > 2016-08-25 05:21 | Report Abuse

Loss QR 49.5 sen? What for make profit?

yeohhh

2,406 posts

Posted by yeohhh > 2016-08-26 10:53 | Report Abuse

TP 20 sen

crawler

4,829 posts

Posted by crawler > 2016-08-29 22:32 | Report Abuse

you all are sohai..told you all not to trust the CEO..bunch of liars

Posted by stonebridge > 2016-08-29 22:47 | Report Abuse

Even Fund managers also conned people!!

Spid3rman

98 posts

Posted by Spid3rman > 2016-09-01 09:14 | Report Abuse

Why did IFCA MSC suffer losses leading to shares being downgraded? | http://www.klsescreener.com/v2/news/view/120385

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